As a sole proprietor or single-member limited liability company (LLC), the mere thought of tax season may cause anxiety. Before you get worked up, however, remember the Iowa Western SBDC provides resources to help. In this post, we discuss what you need to complete your Schedule C and how to do so. With proper planning and organization, the filing process should prove relatively smooth and simple. What Is the Schedule C?
The Schedule C is basically a profit-and-loss statement